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Georgian TBC Bank included in FTSE4Good Index Series

Finance Materials 10 July 2020 13:19 (UTC +04:00)
Georgian TBC Bank included in FTSE4Good Index Series

BAKU, Azerbaijan, July 10

By Tamilla Mammadova – Trend:

Georgian TBC Bank Group PLC (TBC PLC) has been included in the FTSE4Good Index Series following the FTSE4Good Index Series Semi Annual Review in June 2020, Trend reports via Georgian media.

FTSE4Good is a global sustainable investment index series, designed to identify companies that demonstrate strong Environmental, Social and Governance (ESG) practices measured against international standards.

"I am very delighted that TBC PLC is included into the FTSE4Good index, which underlines our commitment to the highest standards of corporate social responsibility. Being the largest financial institution in Georgia, we take seriously our responsibility towards our customers and stakeholders and strive to conduct business with integrity and accountability to act as a role model for other companies", said Chief Executive Officer of TBC Group Vakhtang Butskhrikidze.

TBC PLC became the parent company of JSC TBC Bank (TBC Bank) on 10 August 2016. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of FTSE 250 Index.

TBC Bank, together with its subsidiaries, is the leading universal banking group in Georgia, with a total market share of 39.4 percent of loans and 39.8 percent of non-banking deposits as of March 31, 2020, according to data published by the National Bank of Georgia.

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